Luxury Group Aeffe Revenue Loss In The First Nine Months Widened

< p > Italy luxury brand group Aeffe SpA (AEF.MI) has a total revenue of 193 million 300 thousand euros in the first nine months ended September 30, 2013, down 2.7% from 198 million 700 thousand euros in the same period of 2012, and 0.7% decline in fixed exchange rate, excluding Jean Paul Gaultier and Cacharel, which have terminated the agency agreement, and newly signed Ungaro, earning 2.4% growth at a constant exchange rate.

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< p > the income of the garment sector was 150 million 600 thousand euros, which shrank by 3.6% compared with the same period last year. < a href= "//www.sjfzxm.com/" target= "_blank" > shoes < /a > leather and leather goods increased 1.2% to 55 million 300 thousand euros.

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< p > by region, the income of Aeffe SpA (AEF.MI) has declined in most major markets, except for the growth of local market revenue in Italy.

The European market (except Italy and Russia) dropped by 5.2%, Russia dropped 8.5%, and the United States and Japan fell by 23.5% and 17.2% respectively, of which Japan was mainly affected by the exchange rate.

Italy's revenue increased by 5% to 82 million 900 thousand euros compared with the same period last year. The impetus for growth came from the Moschino brand Rome new store, which boosted sales and passenger flow and promoted the sales of agent brands. The world's other market revenue increased by 3.5% to 29 million 100 thousand euros.

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< p > EBITDA profit before depreciation and amortization decreased by 20.5% to 16 million 300 thousand euros, up 20 million 500 thousand euros in the same period last year, with a net loss of 2 million 300 thousand euros, an increase of 300 thousand euros compared with the same period last year.

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< p > > a href= "http://sjfzxm.com/news/index_h.asp" > Aeffe SpA < /a > (AEF.MI) in November 14th, the share price dropped by more than 9% due to the disappointing performance of the market, to 9.02% euros in the time of the deadline, 0.610.

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< p > Aeffe SpA (AEF.MI) executive chairman Massimo Ferretti said in the earnings report: "after terminating the two brands that no longer make money (Jean Paul Gaultier and Cacharel) and replacing them with new brands such as C, Massimo," and ", our focus has shifted to the recently appointed director of the creative director.

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< p > Massimo Ferretti eliminated the possibility of selling group business when visiting Bloomberg in early July.

He said the group would focus on independent development and would not seek external funds for the time being.

He said that the group was investing more in brands such as Emauel Ungaro, while footwear manufacturer Pollini grew rapidly. "This shows that the situation is starting to become very optimistic", so even if investors are in touch, "it is still not the time to sell".

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